Articles about General
Ohio reeling under foreclosures, ranking third nationwide, has started to sue realtors based in Ohio, California, Arizona and New York, for putting pressure on appraisers to inflate property values. In Ohio it is specifically illegal to do so. Under the hammer have come 7 mortgage brokers, two lenders and one appraiser. Alarm bells rang when [...]
Bankers are watching and waiting with uncertainty the snowballing effect of the sub-prime tsunami crisis. Even though April provided a breather by a dip of 1% in foreclosure listing, it was still up by 62% compared to last year. Even then it will be far above the average of last year. Statistics pouring in show [...]
Five bills, introduced last year, are intended to stop the landslide loss of homes in Colorado. Governor Bill Ritter is expected to sign a package of mortgage related bills. The aim is to protect consumers from the rising tsunami of foreclosures. Brother’s Redevelopment Inc. in Denver is in charge of the state’s hotline dealing with [...]
Mortgage defaults sweeping across the entire country for the last six months has not spared northeast Baltimore County. There are many local realtors who differ on this point as to the severity of the problem of foreclosures in the northeast region stretching from Baltimore city lines to Harford County. Êone, the head of major real [...]
It is mostly the Afro-Americans who are turned down when they apply for a house loan because of their tarnished credit history. But the feeling in them as in all others to own a hearth and home is very strong. This leads them to fall prey to sub-prime real estate dealers who let them have [...]
Empty creaking houses are of late a common site in large metro areas. As a result of the lending standards of mortgage companies, there was a boom in the real estate market. It snowballed into increase of foreclosure rates. The effect of foreclosures is being felt outside the zone of real estate markets and residents [...]
INTERNET LEAKS INFORMATION It is reported from Boston that as much as 76% during the first quarter of last quarter fell a victim to foreclosures. Trading in foreclosures mean big gains – buying low and selling high. Foreclosure opportunities are sprouting like mushrooms to the tune of one hundred per day, which often translates into [...]
Monday 21st May 2007 It is reported that although Sayles Place Homes, South East Washington, is badly in need of repairs. Should this 61-unit complex be sold to a private developer or to a co-operative of the residents? Built in 1970 this complex became a cooperative in 1973 with the purchasers paying a fee of [...]
